Minoan Lines Shipping SA announced group and parent earnings results for the third quarter and nine months ended June 30, 2012. For the quarter, on consolidated basis, the company reported revenue of EUR 53,825,351.11 against EUR 78,160,092.56 a year ago. Operating profit before tax, financing and investing costs was EUR 3,324,606.81 against 5,622,533.56 a year ago. Profit before taxes was EUR 1,063,292.31 against EUR 2,559,817.89 a year ago. Profit attributable to equity holders of the parent was EUR 1,061,630.18 against EUR 2,545,753.46 a year ago. Basic and diluted earnings per share after tax were EUR 0.0150 against EUR 0.0359 a year ago.

For the nine months, on consolidated basis, the company reported revenue of EUR 121,329,946.03 against EUR 157,486,747.73 a year ago. Operating loss before tax, financing and investing costs was EUR 12,305,329.73 against 13,478,621.15 a year ago. Loss before taxes was EUR 19,941,129.99 against EUR 22,252,386.86 a year ago. Loss attributable to equity holders of the parent was EUR 19,944,627.25 against EUR 22,168,748.12 a year ago. Basic and diluted loss per share after tax was EUR 0.2812 against EUR 0.3126 a year ago. Net cash flow generated from operating activities was EUR 2,294,200.16 against net cash flow used in operating activities of EUR 3,006,653.51 a year ago. Purchase of property, plant and equipment were EUR 3,893,923.83 against EUR 400,245.95 a year ago.

For the quarter, on parent basis, the company reported revenue of EUR 52,146,474.92 against EUR 78,135,326.89 a year ago. Operating profit before tax, financing and investing costs was 2,829,384.66 against 5,592,705.51 a year ago. Profit before taxes was EUR 563,262.70 against EUR 2,529,867.98 a year ago. Profit attributable to equity holders of the parent was EUR 563,262.70 against EUR 2,529,867.98 a year ago. Basic and diluted earnings per share after tax were EUR 0.0079 against EUR 0.0357 a year ago.

For the nine months, on parent basis, the company reported revenue of EUR 119,600,580.45 against EUR 157,412,841.25 a year ago. Operating loss before tax, financing and investing costs was EUR 12,788,727.70 against 13,504,233.64 a year ago. Loss before taxes was EUR 20,429,862.89 against EUR 22,278,569.88 a year ago. Loss attributable to equity holders of the parent was EUR 20,429,862.8 against EUR 22,278,569.88 a year ago. Basic and diluted loss per share after tax was EUR 0.2880 against EUR 0.3141 a year ago. Net cash flow generated from operating activities was EUR 2,056,318.51 against net cash flow used in operating activities of EUR 2,907,279.05 a year ago. Purchase of property, plant and equipment were EUR 3,893,923.83 against EUR 400,245.95 a year ago.